⸺ Obituary · December 20, 2020 ⸺
“Buying Bitcoin Is Pure Speculation”
— The Motley Fool, Sean Williams
“While I don’t disagree that a digital payments revolution is underway, or that blockchain could offer global financial and supply chain solutions, bitcoin isn’t the vessel that’s going to make this vision a reality.…History has proved that sentiment can shift at the drop of a pin in the cryptocurrency space. I’d suggest investors keep their distance from bitcoin.”
Price at death
$23,459
Today
$73,594
Resurrection
×3.1
On 2020-12-20, Sean Williams (Investor) declared Bitcoin dead via The Motley Fool. Bitcoin was trading at ~$23,459 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on December 20, 2020, when one Bitcoin traded for approximately $23,459. Since then, Bitcoin has appreciated by 3.1× relative to the price on the day The Motley Fool pronounced it finished.